NCR Atleos Corporation (NYSE:NATL) Receives $50.27 Consensus Price Target from Brokerages

NCR Atleos Corporation (NYSE:NATL) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $50.2667.

A number of equities analysts recently commented on NATL shares. Weiss Ratings raised shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a research report on Wednesday, March 4th. Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Wedbush lowered NCR Atleos from an “outperform” rating to a “hold” rating and boosted their target price for the company from $45.00 to $50.40 in a research report on Friday, February 27th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th.

NCR Atleos Stock Performance

NYSE:NATL opened at $42.97 on Tuesday. The firm has a market capitalization of $3.16 billion, a PE ratio of 19.01 and a beta of 0.79. The stock’s fifty day moving average is $41.69 and its 200 day moving average is $39.29. NCR Atleos has a fifty-two week low of $22.30 and a fifty-two week high of $48.50. The company has a debt-to-equity ratio of 6.65, a quick ratio of 0.78 and a current ratio of 0.96.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.22 by $0.27. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The company had revenue of $1.15 billion during the quarter. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year.

Institutional Trading of NCR Atleos

A number of hedge funds and other institutional investors have recently bought and sold shares of NATL. Allspring Global Investments Holdings LLC purchased a new stake in shares of NCR Atleos during the third quarter valued at $3,942,000. New York State Common Retirement Fund grew its holdings in shares of NCR Atleos by 844.6% in the third quarter. New York State Common Retirement Fund now owns 211,109 shares of the company’s stock worth $8,299,000 after purchasing an additional 188,760 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in NCR Atleos in the 3rd quarter worth about $3,112,000. Villanova Investment Management Co LLC increased its stake in NCR Atleos by 52.3% in the 3rd quarter. Villanova Investment Management Co LLC now owns 171,310 shares of the company’s stock worth $6,734,000 after buying an additional 58,844 shares during the period. Finally, JCP Investment Management LLC bought a new stake in NCR Atleos during the 3rd quarter valued at about $10,225,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.